Weekly Unemployment Claims at 371K, Higher than Expected

Weekly Unemployment

The Unemployment Insurance Weekly Claims Report was released this morning for last week. The 371,000 new claims number was a 4,000 increase from a 5,000 downward revision for the previous week. The less volatile and closely watched four-week moving average, which is usually a better indicator of the recent trend, rose from 359,000 to 365,750. Here is the official statement from the Department of Labor: More….

Categories: Employment News

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